2888 E Venetia Road, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE$870,000
2888 E Venetia Road, Palm Springs, California 92262
3Beds
2Baths
1,744Sqft
10,890Lot
Price Vs. Estimate
The estimated value ($323,859.565) is $546,140.435 (62%) lower than the list price ($870,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1744.
Top Cons:
Significant Overpricing: The listing price of $870,000 is substantially higher than the estimated property value of $323,859 (estimation ratio -62), which could deter potential buyers and complicate financing.
Compared to the nearby listings
Price:$870.0K vs avg $925.0K ($-55,000)45%
Size:1,744 sqft vs avg 2,096 sqft38%
Price/sqft:$499 vs avg $49153%
More Insights
Built in 1971 (54 years old).
Condition: Despite being built in 1971, the property appears to have undergone significant and tasteful renovations, particularly in the kitchen and living areas. The kitchen features modern, high-end stainless steel appliances, granite countertops, and updated cabinetry. The flooring throughout the main living spaces is a contemporary large-format tile, and bedrooms have wood-look flooring. Lighting fixtures are updated with recessed lighting and modern ceiling fans. The outdoor areas, including the pool, above-ground jacuzzi, and outdoor kitchen with solar panels, are well-maintained and offer modern amenities. While not a brand-new build or a full renovation within the last 5 years, the property is move-in ready with no immediate renovation required, and major systems like the central AC/heater and solar-heated pool/spa appear functional and well-maintained, aligning with a 'Good' condition.
Year Built
1971
Close
-
List price
$870K
Original List price
$870K
Price/Sqft
$499
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21894
Home ConditionGood
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)
About this home
ELEGIBLE FOR SHORT TERM RENTAL PERMIT AND NO LAND LEASE in this Gorgeous second or a house you can home with a mountain view, opening the gate you will face with little Oasis with a shaded patio and a lounge area for your private chat... This home offers a wide open plan with 3 bedrooms and 2 bathrooms, central ac/heater, spa and pool heater with solar panels. At the backyard with a large sparkling salt water pool, above-ground jacuzzi, outdoor kitchen and dining area. Best of all no HOA you own the land RV ACCESS. This property qualifies for permit / short term rental. Please be advised must schedule a showing due to short term occupant for full month of April. Furnishings are negotiable. DON'T LET YOUR CHANCE TO OWN A PRIVATE PARADISE IN THE HEART OF PALM SPRINGS PASS BY.
Nearby schools
6/10
Vista Del Monte Elementary School
Public,•K-5•1.5mi
7/10
Katherine Finchy Elementary School
Public,•K-5•1.6mi
4/10
Raymond Cree Middle School
Public,•6-8•1.3mi
6/10
Palm Springs High School
Public,•9-12•2.2mi
4/10
Desert Learning Academy
Public,•K-12•2.4mi
6/10
Cathedral City High School
Public,•9-12•5.0mi
Condition Rating
Good
Despite being built in 1971, the property appears to have undergone significant and tasteful renovations, particularly in the kitchen and living areas. The kitchen features modern, high-end stainless steel appliances, granite countertops, and updated cabinetry. The flooring throughout the main living spaces is a contemporary large-format tile, and bedrooms have wood-look flooring. Lighting fixtures are updated with recessed lighting and modern ceiling fans. The outdoor areas, including the pool, above-ground jacuzzi, and outdoor kitchen with solar panels, are well-maintained and offer modern amenities. While not a brand-new build or a full renovation within the last 5 years, the property is move-in ready with no immediate renovation required, and major systems like the central AC/heater and solar-heated pool/spa appear functional and well-maintained, aligning with a 'Good' condition.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1744.
Short-Term Rental Potential: The property is explicitly eligible for short-term rental permits, offering significant income-generating potential in a popular tourist destination like Palm Springs.
No Land Lease & No HOA: The absence of a land lease and HOA fees means lower ongoing costs and full ownership control, which is highly desirable for investors and homeowners.
Resort-Style Outdoor Amenities: The backyard boasts a large saltwater pool, above-ground jacuzzi, and an outdoor kitchen with a dining area, creating an ideal setting for entertainment and the Palm Springs lifestyle.
Desirable Mountain Views: The property offers attractive mountain views, enhancing its aesthetic appeal and contributing to the quintessential Palm Springs experience.
RV Access & Energy Efficiency: Practical RV access is available, and the pool/spa heater is equipped with solar panels, providing both convenience and potential energy cost savings.
Cons
Significant Overpricing: The listing price of $870,000 is substantially higher than the estimated property value of $323,859 (estimation ratio -62), which could deter potential buyers and complicate financing.
Showing Limitations: Current short-term occupancy restricts showing availability, potentially hindering buyer access and prolonging the sales process.
Age of Property: Built in 1971, the property is over 50 years old, which may suggest older infrastructure and a higher likelihood of future maintenance or renovation needs compared to newer homes.